Endomines AB (publ): QUARTERLY REPORT (SUMMARY)


The press release including tables can be downloaded from the
following link:
Press release (PDF)

Endomines AB (publ) ("Endomines") develops and extracts profitable
gold and ilmenite deposits in Finland.

Summary of operational highlights during the period January-June
2009:

  * Ore reserves have increased 90% during the reporting period. This
    is equal to 7.7 years' profitable production from the Karelian
    Gold Line assets.
  * Mr. Markus Ekberg was appointed CEO of Endomines  as from 1st
    August 2009
  * The Finnish Ministry of Employment and the Economy    granted an
    investment subsidy of  28 MSEK (2,5 MEUR) to Endomines in
    February
  * In April, Endomines  was approved for listing on the First North
    Premier Exchange
  * In April, Endomines posted   an environmental guarantee in
    accordance with the requirements under the Pampalo Mine
    Environmental permit. This will allow for construction of the
    processing plant to start.
  * An options program for Endomines senior management was approved
    at  the annual general meeting in April.
  * Work on securing financing for the Pampalo project is proceeding
    according to plan.


Summary of the financial key figures (thousand SEK):

+-------------------------------------------------------------------+
|                             |  January - June   |  April - June   |
|-----------------------------+-------------------+-----------------|
|                             |  2009   |  2008   |  2009  |  2008  |
|-----------------------------+---------+---------+--------+--------|
| Result after taxes          |  -6 553 |  -5 168 | -3 512 | -2 781 |
|-----------------------------+---------+---------+--------+--------|
| Earnings per share (SEK)    |   -0,36 |   -0,28 |  -0,19 |  -0,15 |
|-----------------------------+---------+---------+--------+--------|
| Cash flow                   | -14 667 | -22 209 | -5 006 | -8 543 |
+-------------------------------------------------------------------+


Full report in Swedish is available on the company's website.

For  further  information,  please  contact  Markus  Ekberg,  CEO  of
Endomines at tel. + 358 40 706 48 50 or website www.endomines.com

Endomines AB (public company)  explores mineral deposits in  Finland.
The Company owns  mining permits or  claims over all  the known  gold
deposits along  the Karelian  Gold Line,  Pampalo mine  among  others
wherein the  Company  aims at  starting  the operation  in  2010.  In
addition, Endomines  has claims  for more  gold deposits  in  Finnish
Lapland. Besides  gold, the  Company  focuses on  industrial  mineral
ilmenite,  which  seems  to  have  stable  demand  growth  and  price
development. These ilmenite deposits exist in central Ostrobothnia.

Endomines applies  SveMin's and  FAERI's common  reporting rules  for
public mining  and exploration  companies. Endomines  has decided  to
show the mineral resources according to the internationally  accepted
JORC or NI 43101 code.

Endomines applies International Financial Reporting Standards  (IFRS)
as the reporting standards for account principles and annual accounts
practice. The use of IFRS helps  to compare the Company with  foreign
exploration and mining companies.

Endomines AB is  listed on the  segment First North  Premier under  a
shortened name ENDO  with Penser Bankaktiebolag  AB as the  Certified
Adviser and Liquidity Guarantor.
Endomines AB (publ): QUARTERLY REPORT (SUMMARY) - For the Period Ended: 30th June 2009

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